The Dishonesty of a Crypto Ban

Stephen Deal: Since crypto assets can be created at zero costs without limit and have no intrinsic value, then regulating them as an aimless and unbounded expensive public burden. The current approach of the US government is an implicit ban on private sector development through aggressive enforcement of over brought interpretation of existing securities and banking laws. Allen's novel contribution to the discourse here is advocating for dropping the implicit nature of the ban by encoding it in law and making it fully explicit. If most prefer the quote second best alternative of a dishonest slash implicit ban of private sector blockchain development over a more honest explicit one, voters in constitutional democracies are going to need to choose between the centralized, nationalized and permission CBDC described